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The Global Competitiveness Report 2015–2016
Report

The Global Competitiveness Report 2015–2016

Klaus Schwab
World Economic Forum, 2015
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Editorial Rating

7

Qualities

  • Analytical
  • Innovative
  • Visionary

Recommendation

Muted growth, lagging productivity and continuing unemployment contribute to a “new normal” of slowing economic development. To ensure all citizens share in inclusive growth, nations will need to harness innovations from technology and new business models to become more competitive, according to this World Economic Forum study. Its Global Competitiveness Index judges economies by country and region on a series of indicators that reflect productivity. getAbstract recommends this forward-looking analysis to executives and policy makers.

Take-Aways

  • The Global Competitiveness Index assesses 12 pillars of national productivity, among them infrastructure, institutions, health care, education and innovation.
  • In 2015, the most competitive countries in the world were Switzerland, Singapore and the United States; the least competitive were Guinea, Chad and Mauritania.
  • The advanced economies have largely recaptured their pre-2008 competitiveness, while rapid development has led to infrastructure gaps in emerging and developing Asia. Emerging Europe needs improved labor and financial markets and less bureaucracy.

About the Author

Klaus Schwab is the executive chairman of the World Economic Forum.

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